Chris Papageorgiou
Biographic Data
| ID | 5732342 |
|---|---|
| NAME | Chris Papageorgiou |
| GIVEN NAMES | Chris |
| FAMILY NAME | Papageorgiou |
| SIGNATURE | PAPAGEORGIOU C |
| AFFILIATIONS | International Monetary Fund |
| ORCID | 0000-0003-2660-8869 |
| VERIFIED | Yes |
| TOTAL WORKS | 14 |
| TOTAL CITATIONS | 33 |
| WORKS AS AUTHOR | 14 |
| WORKS AS EDITOR | 0 |
| FIRST PUBLICATION YEAR | 2004 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 4 |
The Armistice of the Sexes
Most macroeconomic and growth accounting models assume that male and female workers are perfectly substitutable in the aggregate production function. Whether this assumption is valid is an empirical question that this article aims to answer by estimating the elasticity of substitution (ES) between female and male labor. This study applies linear and non-linear techniques to firm-level data, cross-country sectoral data, and cross-country aggregate…
Macroeconomic outcomes in disaster-prone countries
Policies in Hard Times
It is argued that crises open up a window of opportunity to implement policies that otherwise would not have the necessary political backing. We show that not only is the crises–reforms nexus unfounded in the data, but rather crises are associated with a reversal of liberalisation interventions depending on the institutional environment. We find that, in democratic countries, crises occurrences have no significant impact on liberalisation measure…
Populism and Civil Society
Since Tocqueville (1835), civil society has been recognized as a cornerstone of liberal democracy. But populists claim to be the only legitimate representatives of the people, leaving no space for civil society. Are populism and civil society enemies? To answer this question, we look at voters’ choices in Europe. We find that individuals belonging to associations are less likely by 1.6–2.8 percentage points to vote for populist parties, which is …
What Remains of Cross-Country Convergence?
We examine the record of cross-country growth over the past fifty years and ask if developing countries have made progress on closing the income gap between their per capita incomes and those in the advanced economies. We conclude that, as a group, they have not and then survey the literature on absolute convergence with particular emphasis on that from the last decade or so. That literature supports our conclusion of a lack of progress in closin…
Rethinking development policy
The Public and Private Marginal Product of Capital
Why does capital not flow to developing countries as predicted by the neoclassical model? What are the direction and degree of capital misallocation across nations? We revisit these questions by removing public capital from total capital to achieve a more accurate estimate of the marginal productivity of private capital. We calculate marginal product of capital schedules in a large sample of advanced and developing countries. Our main result is t…
Building resilience to natural disasters
Substitution between Clean and Dirty Energy Inputs
In macroeconomic models, the elasticity of substitution between clean and dirty energy inputs within the energy aggregate is a central parameter in assessing the necessary conditions for long-run green growth. Using new sectoral data in a panel of 26 countries, we formulate specifications of nested constant elasticity of substitution production functions that allow estimating this parameter for the first time. We present evidence that it signific…
Efficiency-Adjusted Public Capital and Growth
Rising Income Inequality
Which Reforms Work and under What Institutional Environment? Evidence from a New Data Set on Structural Reforms
Are structural reforms growth enhancing? Is the effectiveness of reforms constrained by a country's distance from the technology frontier or by its institutional environment? This paper takes a new and comprehensive look at these questions by employing a novel data set that includes several kinds of real (trade, agriculture, and networks) and financial (domestic finance, banking, securities, and capital account) reforms for an extensive list of d…
Growth Empirics without Parameters
Recent research on growth empirics has focused on resolving model and variable uncertainty. The conventional approach has been to assume a linear growth process and then to proceed with investigating the relevant variables that determine cross‐country growth. This article questions the linearity assumption underlying the vast majority of such research and uses recently developed non‐parametric techniques to handle non‐linearities as well as selec…
Capital-Skill Complementarity? Evidence from a Panel of Countries
Since Griliches (1969), researchers have been intrigued by the idea that physical capital and skilled labor are more complementary than physical capital and unskilled labor. In this paper we consider the cross-country evidence for capital-skill complementarity using a time-series cross-section panel of 73 developed and less developed countries over a 25-year period. We focus on three empirical issues. First, what is the best specification of the …
Efficiency-Adjusted Public Capital and Growth
Growth Empirics without Parameters
Recent research on growth empirics has focused on resolving model and variable uncertainty. The conventional approach has been to assume a linear growth process and then to proceed with investigating the relevant variables that determine cross‐country growth. This article questions the linearity assumption underlying the vast majority of such research and uses recently developed non‐parametric techniques to handle non‐linearities as well as selec…
Building resilience to natural disasters
Rethinking development policy
Macroeconomic outcomes in disaster-prone countries
Policies in Hard Times
It is argued that crises open up a window of opportunity to implement policies that otherwise would not have the necessary political backing. We show that not only is the crises–reforms nexus unfounded in the data, but rather crises are associated with a reversal of liberalisation interventions depending on the institutional environment. We find that, in democratic countries, crises occurrences have no significant impact on liberalisation measure…
Capital-Skill Complementarity? Evidence from a Panel of Countries
Since Griliches (1969), researchers have been intrigued by the idea that physical capital and skilled labor are more complementary than physical capital and unskilled labor. In this paper we consider the cross-country evidence for capital-skill complementarity using a time-series cross-section panel of 73 developed and less developed countries over a 25-year period. We focus on three empirical issues. First, what is the best specification of the …
Growth Empirics without Parameters
Recent research on growth empirics has focused on resolving model and variable uncertainty. The conventional approach has been to assume a linear growth process and then to proceed with investigating the relevant variables that determine cross‐country growth. This article questions the linearity assumption underlying the vast majority of such research and uses recently developed non‐parametric techniques to handle non‐linearities as well as selec…
Rising Income Inequality
Which Reforms Work and under What Institutional Environment? Evidence from a New Data Set on Structural Reforms
Are structural reforms growth enhancing? Is the effectiveness of reforms constrained by a country's distance from the technology frontier or by its institutional environment? This paper takes a new and comprehensive look at these questions by employing a novel data set that includes several kinds of real (trade, agriculture, and networks) and financial (domestic finance, banking, securities, and capital account) reforms for an extensive list of d…
Efficiency-Adjusted Public Capital and Growth
Substitution between Clean and Dirty Energy Inputs
In macroeconomic models, the elasticity of substitution between clean and dirty energy inputs within the energy aggregate is a central parameter in assessing the necessary conditions for long-run green growth. Using new sectoral data in a panel of 26 countries, we formulate specifications of nested constant elasticity of substitution production functions that allow estimating this parameter for the first time. We present evidence that it signific…
Building resilience to natural disasters
The Public and Private Marginal Product of Capital
Why does capital not flow to developing countries as predicted by the neoclassical model? What are the direction and degree of capital misallocation across nations? We revisit these questions by removing public capital from total capital to achieve a more accurate estimate of the marginal productivity of private capital. We calculate marginal product of capital schedules in a large sample of advanced and developing countries. Our main result is t…
What Remains of Cross-Country Convergence?
We examine the record of cross-country growth over the past fifty years and ask if developing countries have made progress on closing the income gap between their per capita incomes and those in the advanced economies. We conclude that, as a group, they have not and then survey the literature on absolute convergence with particular emphasis on that from the last decade or so. That literature supports our conclusion of a lack of progress in closin…
Rethinking development policy
Policies in Hard Times
It is argued that crises open up a window of opportunity to implement policies that otherwise would not have the necessary political backing. We show that not only is the crises–reforms nexus unfounded in the data, but rather crises are associated with a reversal of liberalisation interventions depending on the institutional environment. We find that, in democratic countries, crises occurrences have no significant impact on liberalisation measure…
Populism and Civil Society
Since Tocqueville (1835), civil society has been recognized as a cornerstone of liberal democracy. But populists claim to be the only legitimate representatives of the people, leaving no space for civil society. Are populism and civil society enemies? To answer this question, we look at voters’ choices in Europe. We find that individuals belonging to associations are less likely by 1.6–2.8 percentage points to vote for populist parties, which is …
Macroeconomic outcomes in disaster-prone countries
The Armistice of the Sexes
Most macroeconomic and growth accounting models assume that male and female workers are perfectly substitutable in the aggregate production function. Whether this assumption is valid is an empirical question that this article aims to answer by estimating the elasticity of substitution (ES) between female and male labor. This study applies linear and non-linear techniques to firm-level data, cross-country sectoral data, and cross-country aggregate…
Economics (13 works) · Economic Growth and Productivity (7 works) · Macroeconomics (6 works) · Econometrics (5 works) · Economic growth (5 works) · Fiscal Policy and Economic Growth (5 works) · Political science (5 works) · Capital (architecture) (3 works) · Capital deepening (3 works) · Capital formation (3 works)